House OKs VI CFO

Despite angry opposition from Gov. Charles Turnbull, the U.S. House of Representatives this week endorsed a proposal from the V.I. Delegate to appoint a chief financial officer to oversee the territory’s spending. Del. Donna Christensen introduced the bill as a way to address the islands’ $1 billion debt. The Gov. and other government officials testified in Washington at a hearing on the bill this summer, arguing they were capable of managing the island’s finances. The bill was passed by the House on a voice vote, and still needs approval by the Senate and the President. It provides for the Governor to appoint the CFO, with approval from the legislature.

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